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speedybure (< 20)

Why Gold Might Explode Today.... FED minutes

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April 08, 2009 – Comments (1) | RELATED TICKERS: GLD , GDX , SLV

Though this is only my opinion, I think there is at least a 10-20% chance the FED annouces to increase their initial annoucement of 300 Billion of treasuries. Why do I think that?

 

I'm sure Obama and his kronies talked to other wrold leaders on the matter of buying US debt at the G-20. If anyone had agreed i think a press release would have been released as fast as possible.

This is just taking a wild shot in the dark in terms of timing, but eventually the Fed will have to keep buying long term treasuries to keep rates low.

I'm not predicting this to happen today, but there is a chance that the fed minutes will contain an outright proclaimation of doing so or at least mention future possibble purchases 

1 Comments – Post Your Own

#1) On April 08, 2009 at 3:06 PM, speedybure (< 20) wrote:

I was wrong but i still think they will make the announment 1h/09

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